Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities research analysts at Cormark lowered their FY2019 EPS estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Thursday, April 18th, according to Zacks Investment Research. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.27.
Several other analysts also recently weighed in on HBM. CIBC downgraded shares of Hudbay Minerals from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$9.00 to C$8.00 in a research note on Monday, January 21st. Eight Capital reissued a “buy” rating and issued a C$10.00 price target on shares of Hudbay Minerals in a research note on Tuesday, February 19th. TD Securities lowered their price target on shares of Hudbay Minerals from C$11.00 to C$10.50 and set a “buy” rating for the company in a research note on Wednesday, February 20th. Raymond James downgraded shares of Hudbay Minerals from an “outperform” rating to a “market perform” rating and set a C$9.00 price target for the company. in a research note on Thursday, February 21st. Finally, CSFB boosted their price target on shares of Hudbay Minerals from C$8.50 to C$9.00 in a research note on Monday, February 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hudbay Minerals currently has an average rating of “Hold” and a consensus price target of C$10.47.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Tuesday, February 19th. The mining company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.08. The company had revenue of C$464.96 million for the quarter, compared to the consensus estimate of C$428.92 million.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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